Korean Air finalises Asiana post-merger integration plan
Korean Air says it has completed the post-merger integration (PMI) plan to integrate Asiana Airlines after receiving confirmation from the Korea Development Bank.
Korean Air signed a deal last year to acquire Asiana’s new shares and perpetual convertible bonds.
Korean Air has conducted due diligence and created the post-merger integration plan, which was submitted to the Korea Development Bank on 17 March.
The state-owned bank reviewed the PMI plan and in consultation with Korean Air, the Ministry of Land, Infrastructure and Transport, and other relevant agencies made certain revisions.
The finalised PMI plan includes the integration of the airlines’ full service carriers and low cost carriers; employment retention and workers’ collective agreements; as well as plans to reorganise relevant subsidiaries.
Korean Air will now move forward to integrate with Asiana after receiving approvals from relevant authorities.
To meet various legal, financial, and tax risks, the implementation will reflect various market regulations and conditions.
The integration progress will be regularly inspected by a management evaluation committee, which has been established in agreement with the Korea Development Bank.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent